https://www.taxtmi.com/caselaws?id=460568 SEBI found the noticee guilty of fraudulent and unfair trade practices for executing non-genuine trades in illiquid stock options, contributing 10.81% to 22.57% of artificial volume in contracts. The trades were pre-meditated with counterparties, creating artificial volumes in violation of PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a). SEBI imposed minimum penalty of Rs 5,00,000 under Section 15HA of SEBI Act, considering the manipulative nature of trades and applicable amendment effective September 2014. Payment required within 45 days. en-us Wed, 04 Oct 2023 00:00:00 +0530 Fri, 31 Jan 2025 15:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460568 SEBI found the noticee guilty of fraudulent and unfair trade practices for executing non-genuine trades in illiquid stock options, contributing 10.81% to 22.57% of artificial volume in contracts. The trades were pre-meditated with counterparties, creating artificial volumes in violation of PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a). SEBI imposed minimum penalty of Rs 5,00,000 under Section 15HA of SEBI Act, considering the manipulative nature of trades and applicable amendment effective September 2014. Payment required within 45 days. Case-Laws SEBI Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460568